Fairmount Santrol Holdings Inc. (FMSA) Trading Down 0.4%
Fairmount Santrol Holdings Inc. (NYSE:FMSA) was down 0.4% on Tuesday . The stock traded as low as $4.34 and last traded at $4.64. Approximately 2,606,600 shares were traded during mid-day trading, a decline of 57% from the average daily volume of 6,043,682 shares. The stock had previously closed at $4.66.
Several equities research analysts have recently weighed in on FMSA shares. Credit Suisse Group lowered Fairmount Santrol Holdings from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $12.00 to $4.00 in a research note on Thursday, July 20th. Goldman Sachs Group, Inc. (The) lowered Fairmount Santrol Holdings from a “neutral” rating to a “sell” rating and lowered their price objective for the company from $11.00 to $2.00 in a research note on Thursday, July 20th. Royal Bank Of Canada restated a “buy” rating on shares of Fairmount Santrol Holdings in a research report on Thursday, July 20th. BidaskClub upgraded Fairmount Santrol Holdings from a “strong sell” rating to a “sell” rating in a research report on Monday, July 31st. Finally, Cowen and Company set a $6.00 price target on Fairmount Santrol Holdings and gave the stock a “buy” rating in a research report on Friday, August 4th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and nine have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $6.44.
The company has a current ratio of 2.52, a quick ratio of 2.11 and a debt-to-equity ratio of 2.65. The stock has a market capitalization of $986.01, a P/E ratio of 110.00 and a beta of 2.06.
Fairmount Santrol Holdings (NYSE:FMSA) last posted its quarterly earnings results on Thursday, November 2nd. The industrial products company reported $0.15 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.02. The company had revenue of $280.05 million for the quarter, compared to the consensus estimate of $264.02 million. Fairmount Santrol Holdings had a return on equity of 4.05% and a net margin of 1.69%. The firm’s quarterly revenue was up 107.8% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.11) EPS. equities research analysts forecast that Fairmount Santrol Holdings Inc. will post 0.28 EPS for the current year.
Institutional investors have recently modified their holdings of the stock. ING Groep NV bought a new position in Fairmount Santrol Holdings during the 3rd quarter worth about $24,846,000. Elliott Management Corp bought a new position in Fairmount Santrol Holdings during the 2nd quarter worth about $18,720,000. Think Investments LP bought a new position in Fairmount Santrol Holdings during the 3rd quarter worth about $17,643,000. State Street Corp increased its holdings in Fairmount Santrol Holdings by 50.9% during the 2nd quarter. State Street Corp now owns 4,569,533 shares of the industrial products company’s stock worth $17,820,000 after purchasing an additional 1,540,859 shares in the last quarter. Finally, Gotham Asset Management LLC bought a new position in Fairmount Santrol Holdings during the 2nd quarter worth about $5,690,000. 83.17% of the stock is currently owned by institutional investors and hedge funds.
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About Fairmount Santrol Holdings
Fairmount Santrol Holdings Inc is a provider of sand-based proppant solutions. The Company operates through two segments: Proppant Solutions, and Industrial & Recreational (I&R) Products. Its Proppant Solutions segment provides sand-based proppants for use in hydraulic fracturing operations throughout the United States and Canada, Argentina, Mexico, China, northern Europe and the United Arab Emirates.
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